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<ul class="wp-block-list"><li>Coinbase CEO Brian Armstrong met 25 senators as bipartisan crypto bill discussions progress despite the ongoing government shutdown.</li><li>The CLARITY Act divides oversight between the SEC and CFTC, nearing final agreement on DeFi and stablecoin reward issues.</li><li>Lawmakers aim to finalize the bill by Thanksgiving, marking the closest U.S. effort yet toward clear crypto market regulations.</li></ul><p>Coinbase CEO Brian Armstrong says the long-awaited U.S. crypto market structure bill is nearing completion, with bipartisan talks accelerating despite the ongoing government shutdown.&nbsp;</p><p>Speaking after meeting with 25 senators over two days, Armstrong <a href="https://x.com/brian_armstrong/status/1981789362242093202" rel="noopener noreferrer nofollow">described</a> the momentum as “high,” noting that lawmakers are “90% on the same page” regarding the framework to govern digital assets.&nbsp;</p><p>His remarks suggest a rare level of bipartisan cooperation in Washington, particularly as the shutdown enters its thirty-third day. The proposed bill, known as the CLARITY Act, aims to divide cryptocurrency oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), creating the country’s first unified regulatory foundation for digital assets.</p><h2 class="wp-block-heading" id="strong-bipartisan-effort-despite-shutdown-strong"><strong>Bipartisan Effort Despite Shutdown</strong></h2><p>Armstrong emphasized that lawmakers from both parties are pushing forward, even as the federal government remains partially closed. He confirmed that draft texts are now being exchanged between Senate Democrats and Republicans to finalize unresolved sections of the bill.&nbsp;</p><p>According to Armstrong, only two key issues remain: how decentralized finance (DeFi) should be regulated and how stablecoin rewards can be protected for users. Notably, White House Crypto and <a href="https://cryptofrontnews.com/david-sacks-criticizes-warrens-anti-crypto-stance-eyes-bitcoin-strategy/" rel="noopener noreferrer nofollow">AI Czar David Sacks</a> supports Armstrong’s optimism, saying both sides are in an “excellent position” to pass the legislation this year.</p><p>The CLARITY Act has already cleared the House and is now under Senate review. It complements the recently enacted GENIUS Act, which regulates dollar-pegged stablecoins such as Tether (USDT). However, scrutiny around President Donald Trump–backed crypto ventures and possible conflicts of interest has intensified debate, with Senator Elizabeth Warren (D-Mass.) emerging as one of the bill’s leading critics.</p><h2 class="wp-block-heading" id="strong-coinbase-pushes-for-rules-targeting-centralized-players-strong"><strong>Coinbase Pushes for Rules Targeting Centralized Players</strong></h2><p>Armstrong reiterated that clear market structure rules are vital to protecting innovation and ensuring accountability. He urged lawmakers to distinguish between centralized exchanges and decentralized protocols, saying oversight should focus on entities that directly handle user funds. Armstrong also cautioned against traditional banks obstructing crypto users from earning legitimate rewards, referencing the <a href="https://cryptofrontnews.com/genius-act-ushers-in-stablecoin/" rel="noopener noreferrer nofollow">GENIUS Act’s</a> confirmation of stablecoin incentives as legal.</p><h2 class="wp-block-heading" id="strong-senators-aim-for-thanksgiving-milestone-strong"><strong>Senators Aim for Thanksgiving Milestone</strong></h2><p>Despite political gridlock, Armstrong remains confident that the bill will clear its Senate committee by Thanksgiving. Both parties, he said, are determined to finalize the remaining 10% of details before year-end.&nbsp;</p><p>He described the current stage as the “closest the U.S. has ever been” to comprehensive <a href="https://cryptofrontnews.com/atkins-says-crypto-comes-first-as-sec-moves-to-rebuild-u-s-leadership/" rel="noopener noreferrer nofollow">crypto regulation</a>. As talks progress, the focus remains on ensuring regulatory clarity for trading, custody, and stablecoin operations — key steps toward a more defined digital asset framework in the United States.</p><p>The post <a href="https://cryptofrontnews.com/crypto-bill-near-finish-line-as-coinbases-brian-armstrong-says-senators-in-agreement/" rel="noopener noreferrer nofollow">Crypto Bill Near Finish Line As Coinbase’s Brian Armstrong Says Senators in Agreement</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Crypto Bill Near Finish Line As Coinbase’s Brian Armstrong Says Senators in Agreement

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